A rough week for team Xbox just got a bit tougher as the FTC has officially filed a complaint in a federal appeals court regarding Microsoft s decision to lay off 1,900 employees last month.
This week, Microsoft (Nasdaq: MSFT) announced its second quarter results that surpassed market expectations driven by its leading position in GenAI. After its success with PaaS, it is now looking at replicating it to AI platform or AI models. Microsoft's Financials Microsoft's second quarter revenues grew 18% to $62 billion, significantly ahead of the market's forecast of $61.1 billion. EPS was $2.93, which was also ahead of the Street's forecast of $2.78. Microsoft's Intelligent Cloud segment revenues grew 20% to $25.9 billion versus the estimate of $25.29 billion. Growth was driven by 30% growth in Azure revenues, faster than the estimated 27.7%. Microsoft does not disclose Azure revenue in dollars. Revenues from the Productivity and Business Processes unit, including Office productivity software, LinkedIn, and Dynamics, grew 13% to $19.2 billion, ahead of the Street's forecast of $18.99 billion. Revenue from its More Personal Computing segment grew 19%